The new owners of The Blog Herald, one of my favorite media blogs, explain why they bought it and what their plans are for it. See "A Word From the New Blog Herald Owners."
According to Abe Olandres, considered "The Philippines' most successful blogger," "Bloggy Network Ltd., a UK-based company (not to be confused with Bloggy Network, LLC)," has bought The Herald, which was founded by Australian Duncan Riley, who in February 2006 sold it to Problogging, Inc., formerly b5Media.
"Today, December 5th, 2006, is the day that we legally become owners of BlogHerald.com, and our contract with Problogging Inc. takes effect," Olandres told Herald readers.
He said Bloggy Network, Ltd "will be running the Blog Herald separately from the rest of our network." The company will also renew the contracts of the current writers.
To read why Problogging, Inc. sold The Herald, see Matt Craven's "We’ve sold The Blog Herald."
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